Devices & Diagnostics, Startups

Texas stem cell tech company raises $2.3 million, seeks $5.6 more

StemBioSys, a San Antonio company that manufactures and develops stem cell technologies in the regenerative medicine […]

StemBioSys, a San Antonio company that manufactures and develops stem cell technologies in the regenerative medicine field, has landed $2,377,802.

It still seeks $5,622,198, according to the regulatory filing. The company is in a quiet period of funding right now, Chairman of the Board Dr. Steve Davis said.

That period should end Aug. 5, so be sure to check back here for more news as the story develops.

According to the company website, the “centerpiece” of its expansion is the “XC-marrow ECM™, a patented “extracellular matrix” laid down by human bone marrow mesenchymal stem cells (MSCs)–a 3D microenvironment that allows stem cells to replicate more rapidly and with greater preservation of stem cell phenotypes (“stemness”) than traditional tissue culture plastic.  It allows SBS to grow stem cells from sources such as adipose tissue, bone marrow and umbilical cord blood, opening up potential for research, pharmaceutical and novel clinical uses.”

Officers include Davis, Chief Scientific Officer  Dr. Xiao-Dong Chen, Edward “Sy” Griffey  and CEO Peter Savas.

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